Suncor Energy (TSE:SU) Stock Rating Upgraded by Gerdes Energy Research

Suncor Energy (TSE:SU) (NYSE:SU) was upgraded by Gerdes Energy Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a C$96.00 target price on the stock, up from their prior target price of C$93.00. Gerdes Energy Research’s price target indicates a potential upside of 24.63% from the stock’s previous close.

Several other research firms also recently commented on SU. TD increased their target price on shares of Suncor Energy from C$91.00 to C$113.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Scotiabank upped their price objective on shares of Suncor Energy from C$80.00 to C$85.00 in a research report on Wednesday, April 1st. Raymond James Financial lifted their price target on shares of Suncor Energy from C$76.00 to C$93.00 in a research note on Monday, March 30th. Royal Bank Of Canada upped their price objective on shares of Suncor Energy from C$89.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Finally, Wells Fargo & Company raised their target price on shares of Suncor Energy from C$74.00 to C$97.00 in a research note on Wednesday, April 1st. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$94.25.

Suncor Energy Price Performance

TSE SU traded up C$0.60 on Monday, reaching C$77.03. The company’s stock had a trading volume of 998,612 shares, compared to its average volume of 6,841,481. The company has a debt-to-equity ratio of 32.36, a quick ratio of 0.83 and a current ratio of 1.42. The stock has a market cap of C$90.95 billion, a PE ratio of 14.64, a PEG ratio of 0.15 and a beta of 0.14. Suncor Energy has a twelve month low of C$50.97 and a twelve month high of C$96.53. The firm’s 50 day moving average is C$87.27 and its two-hundred day moving average is C$78.84.

Suncor Energy (TSE:SU) (NYSE:SU) last released its earnings results on Tuesday, May 5th. The company reported C$1.93 earnings per share for the quarter. The business had revenue of C$14.48 billion for the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. As a group, sell-side analysts predict that Suncor Energy will post 4.4208333 EPS for the current year.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.